BROOKLYN, N.Y. -- The Hardaway name is going to live on in New York City.

Former Michigan guard Tim Hardaway Jr. was selected by the New York Knicks at No. 24 overall in the first round Thursday during the 2013 NBA draft.

Once believed to be a second round pick, or possibly not a pick at all, Hardaway's stock soared during the month of May and into June after he participated in several workouts across the league.

And now, he'll play for the Knicks -- a team that went through intense playoff rivalries with Tim Hardaway Sr.'s Miami Heat in the 1990s.

"I thought about how his father used to kill the Knicks," famous New York Knicks' fan Spike Lee commented on ESPN shortly after the pick was announced. "I know Tim Sr. is going to be at a lot of games up in the Garden. I'm elated, 24th pick, I think he fell into our laps. He's going to really help right away. "

Knick fans obviously aren't holding any grudges, as a loud roar filled the Barclays Center after NBA commissioner David Stern announced the selection.

Hardaway, the 6-foot-6 former Michigan two-guard, was selected shortly after ex-teammate Trey Burke went No. 9 overall -- giving John Beilein the first two first-round NBA draft picks of his coaching career.

A three-year starter at Michigan, Hardaway finished his career at Michigan with 1,532, which was good for 18th on the school's all-time list.

His previous trip to Madison Square Garden -- home of the Knicks -- ended well, as he was named the most valuable player of the 2012 NIT Season Tip-Off tournament. An event Michigan won.

Currently, the only two shooting guards on the Knicks roster are unrestricted free agent J.R. Smith and third-year Iman Shumpert.